U.S. govt budget deficit narrows further in July to $460.45B

Nathan Andrada - Fourth Estate Cooperative Contributor

Washington, DC, United States (4E) - The U.S. federal government deficit continued its decline in July, boosted by higher tax revenue that rose at a faster rate than government expenditures.

From last October through July, the budget deficit was at $460.45bn, lower by 24 percent from the same period a year ago, according to the U.S. Treasury Department report released Tuesday. The federal fiscal year started on Oct. 1.

The year-to-date deficit fell to its lowest...MORE

 
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